These days, it is extremely tough being a food and beverage (F&B) vendor in Singapore due to increasing rental, labour and raw materials cost pressures. In this cut-throat environment, turnaround of stallho...
Early July, the board of United Engineers (UE) came to a decision to sell all its treasury shares to undisclosed third parties, fetching a sum of $56 million. The transaction, facilitated by UOB Kay Hian, represented a meaningful stake of 3.14 percent of the company.
According to latest official readings, the Singapore economy is “flirting” dangerously with recession. In 2Q19, Singapore’s gross domestic product (GDP) grew a meagre 0.1 percent, widely missing economists’ expectations of a 1.1 percent growth. Exacerbated by the US-China trade war, the local manufacturing sector dragged the broader economy, contracting by a wider 3.8 percent in the quarter.
Years of hard work seem to be paying off for local-listed Accrelist. After taking over the company (formerly WE Holdings) in 2013, the current executive Chairman and Managing Director Mr. Terence Tea has since made strides in the restructuring of the business and that of its subsidiary and crown jewel, Jubilee Industries Holdings (Jubilee).
In the last issue of Shares Investment, we looked at Genting Singapore and saw how expectations of heavy capital expenditure (capex) can mar investors’ sentiments for the stock. While the high rollers and thrill seekers find their excitement in Sentosa’s casino and rollercoasters, this issue we take a look at an alternative-styled theme park developer and operator based in Penang – Sim Leisure Group (Sim Leisure).
It seems that odds have not been favouring local-listed integrated resort operator (IR) Genting Singapore lately. Since the start of 2019, Genting Singapore has seen its stock lost almost 10 percent of its value to trade at $0.880 per share – a level not seen since 2018.
S-REITs, in general, has so far made a strong showing which came on the back of growing investor interest that arose from the uncertain outlook of US-China trade war. As we re-enter the phase of escalating tensions and rising tariffs, investors may once again look to S-REITs in hunt for higher yields and stability.
Integrated electronics manufacturing services provider Jubilee Industries Holdings (Jubilee) saw earnings more than tripling to $3.3 million in its latest FY19 results.
Every year, tens of thousands of investors flock to Omaha to attend Berkshire Hathaway’s Annual General Meeting (AGM). As Berkshire Hathaway (Berkshire) has started live-streaming the event in recent years, investors and non-investors alike can witness live, as Chairman and CEO Warren Buffett and his right-hand man Charlie Munger share their unscripted views on the company, the markets and the economy.
Once again, the quarterly earnings season is in full swing. As companies release their results, analysts are on the streets are also busying themselves with revising their estimates.